LEADERSHIP COMMITMENT & TRACK RECORD

CORPORATE POLICIES & ESG COMMITMENTS

CDL corporate policies provide guiding principles on business conduct and ethics that all employees and stakeholders across our value chain should practise to support CDL’s commitment to sustainability. To enhance transparency, the corporate policies and guidelines are publicly available on our corporate website (www.cdl.com.sg), dedicated sustainability microsite (www.cdlsustainability.com) and staff intranet.

Relevant policies are disseminated to employees of CDL’s key subsidiaries and supply chain, where applicable. For employees in our subsidiaries outside of Singapore, the policies are translated into the required local languages.

Board Policies

• Board Diversity Policy

Corporate Policies

• Investor Relations Policy
• Whistleblowing Policy
• Anti-Corruption Policy
• Fraud Policy
• Competition Policy
• Personal Data Policy
• Extract of CDL’s Code of Business Conduct and Ethics

Sustainability Policies

• Anti-Money Laundering and Counter Financing of Terrorism Policy
• Biodiversity Policy
• Climate Change Policy
• Diversity, Equity and Inclusion (DEI) Policy
• EHS Policy
• Green Building Policy
• Human Rights Policy
• Sustainable Investment Principles
• Universal Design Policy
• Workplace Anti-Harassment and Anti-Bullying Policy

ESG Commitments

• Board Diversity Pledge
• Crisis Management Protocol
• Employers’ Pledge of Fair Employment Practices
• Ethical Marketing Practices
• Green Lease Partnership Programme
• Green Procurement Specifications
• Pledge for Zero – A CEO Commitment Charter
• Singapore Stewardship Principles
• Supplier Code of Conduct
• Support for Task Force on Climate-related Financial Disclosures
• Sustainable Employment Pledge
• Sustainable Finance Framework
• Women’s Empowerment Principles

Board Diversity Policy

This Board Diversity Policy sets out the policy and framework for promoting diversity on the Board of Directors (“Board”) of CDL.

The Board recognises that a diverse Board is an important element which will better support the Company’s achievement of its strategic objectives for sustainable development by enhancing the decision-making process of the Board through the perspectives derived from the various skills, business experience, industry discipline, gender, age, ethnicity and culture, geographical background and nationalities, tenure of service and other distinguishing qualities of the Directors.

Click here to read our Board Diversity Policy.

Investor Relations Policy

CDL is committed to engaging our shareholders through regular, effective and fair communication, in compliance at all times with the requirements for disclosure of information in accordance with listing rules of the Singapore Exchange Securities Trading Limited (SGX-ST).

The Company’s Investor Relations (IR) department serves as an intermediary between the Company and our shareholders and the investment community. Through effective information disclosure and dialogue, CDL aims to further enhance our corporate transparency and maintain the trust of our stakeholders.

Click here to read our IR Policy.

WhistleBlowing Policy

Within the organisation, the commitment to conduct business with integrity and the highest ethical standards whilst complying with applicable laws and regulations is translated into cultivating the values of openness, integrity and accountability amongst all CDL employees. CDL has a Whistleblowing Policy to ensure that arrangements are in place to allow whistleblowers to raise concerns over a breach of these standards, highlight incidents of malpractice or wrongdoings within the Company.

This Policy applies to any suspected improprieties involving employees of the CDL Group except employees of subsidiaries that have their own audit or risk committees which have oversight of their whistleblowing programme.

Communication Channels to CDL Ethics Officer

 

Click here to read our Whistleblowing Policy.

Anti-Corruption Policy

This sets out the responsibilities of the Group companies and of each employee in observing and upholding CDL’s position against all forms of corruption, bribery and extortion. The Anti-Corruption Policy also provides information and guidance to employees on how to recognise, address, resolve, avoid and prevent instances of corruption, bribery and extortion which may arise in the course of their work.

Click here to read the Anti-Corruption Policy.

Fraud Policy

The Fraud Policy provides guidance on actions which may constitute fraudulent conduct and highlights the importance of the implementation, maintenance and compliance with the internal controls framework of the Group and its policies and procedures.

Click here to read the Fraud Policy.

Competition Policy

The Competition Policy sets out CDL’s policy to compete fairly and ethically in the conduct of business in all of its markets, and in compliance with the competition laws which apply to the Group’s business activities. This policy seeks to educate and improve the knowledge and understanding of CDL’s employees on anti-competitive practices and acts of abuse of dominant position which are prohibited, and to provide direction and guidance to employees in their relationships and communications with competitors and customers.

Click here to read the Competition Policy.

Personal Data Policy

The purpose of the CDL Personal Data Policy is to inform you of how CDL manages personal data which is subject to the Singapore Personal Data Protection Act (No. 26 of 2012) (“the Act”). Please take a moment to read the CDL Personal Data Policy so that you know and understand the purposes for which we collect, use and disclose your personal data.

If you:

1. have any questions, complaints or feedback relating to your Personal Data or our Personal Data Policy;
2. would like to withdraw your consent to our use of your Personal Data as set out in our Personal Data Policy; or
3. would like to obtain access and/or make corrections to your Personal Data records under our control or in our possession,

Please contact CDL as follows:

Extract of CDL’s Code of Business Conduct and Ethics

The Company and its Board of Directors are committed to conducting business with integrity and consistent with the highest standards of business ethics, and in compliance with all applicable laws and regulatory requirements. In line with this commitment, the Board has adopted this Code of Business Conduct and Ethics to set out the ethical values and business standards of the Company and to assist Company employees in resolving ethical questions that may arise in the course of their work for the Company.

Click here to read the extract of CDL’s Code of Business Conduct and Ethics.

Biodiversity Policy

CDL recognises the potential impact developments might have on wildlife and habitat loss—including the importance of mitigating this impact. In 2020, we introduced the Biodiversity Policy to promote biodiversity protection and urban greenery across our operations. The policy complements Singapore’s “City in Nature” vision and takes reference from national frameworks, such as the new Biodiversity Impact Assessment (BIA) guidelines set by URA and NParks.

Click here to read our Biodiversity Policy.

Climate Change Policy

As the threats and impacts of climate change become increasingly unprecedented in scale, rapid, far-reaching transition to a new climate economy is required. As Singapore’s property pioneer and leading green developer, CDL recognises the crucial role it has to play in mitigating and adapting to the effects of climate change. At the core of our sustainability-centric vision is our ethos of “Conserving as We Construct” established since 1995 and our Future Value 2030 Sustainability Blueprint launched in 2017.

To help achieve the Paris Agreement global climate targets, CDL is dedicated to achieving low-carbon operations by setting a science-based target to reduce greenhouse gas intensity across Singapore operations by 59% from base-year 2007 by 2030. Recognising that a sizeable proportion of our carbon footprint lies outside our business operations and direct control, we actively engage our supply chain and stakeholders to mitigate climate impact and to encourage communities we operate in to make more low-carbon choices.

Click here to read our Climate Change Policy.

Diversity, Equity and Inclusion (DEI) Policy

CDL Group is committed to ensuring a dignity-centred workplace where our employees are always mutually respected. We seek to address discrimination on all grounds, notably in gender identity, ethnicity, race, religion, age, disability, national origin, socio-economic status, familial/marital status, and sexual orientation by ensuring fairness in our employment practices, non-discrimination and fair compensation. Our Global DEI policy outlines CDL Group’s responsibility to embed DEI into our value chain, organisational culture and activities worldwide. We strive to ensure that these principles are understood, observed and adhered to by all employees as far as is reasonably practicable.

Click here to read our DEI Policy.

Environmental, Health and Safety (EHS) Policy

For over a decade, CDL has been advocating environmental sustainability in Singapore’s built environment. We make it our business to take concerted efforts towards preventing pollution on the environment and striving to apply environmentally-friendly practices in our operations.

To this end, the EHS Policy was established in 2003. This sets the strategic direction for all departments and employees towards creating a “Green & Safe” corporate culture, conserving resources and preventing pollution.

Click here to read our EHS Policy.

Green Building Policy

In 2020, CDL introduced the Green Building Policy to promote Smart, Sustainable and Super Low Energy (3S) buildings and building technology applications. Known as the 3S Green Building Framework, this framework is an expansion of our green procurement guidelines and is aligned with the new BCA Green Mark SLE Building requirements, as well as international standards for advancing health and well-being in buildings.

Click here to read our Green Building Policy.

Human Rights Policy

CDL believes in upholding fundamental principles of human and workplace rights in places where we operate. Since 2005, we have been a signatory to the United Nations Global Compact’s principles on Human Rights and Labour, and are guided by international human rights principles as derived from the Universal Declaration of Human Rights and the International Labour Organisation’s Declaration on Fundamental Principles and Rights at Work. Beyond our compliance to the local government’s policy and national legislation in protecting human rights, we are committed to respecting human rights in all aspects of our stakeholder engagement such as equitable employment practices, non-discrimination, fair welfare and compensation, as well as workplace health and safety within our developments.

Click here to read our Human Rights Policy.

Sustainable Investment Principles

CDL is focused on taking proactive action in assessing potential portfolio risks and opportunities for sustainable investment decisions via our Sustainable Investment Principles. The Principles are formulated in line with the Glasgow Climate Pact and aligned with global best practices laid out in the United Nations Sustainable Development Goals, United Nations Principles for Responsible Investment, Task Force on Climate-Related Financial Disclosures, United Nations Environment Programme Finance Initiative and other relevant frameworks.

Click here to read our Sustainable Investment Principles.

Universal Design Policy

In line with our commitment to put users’ needs as a priority in the spaces we build, CDL instituted a company-wide Universal Design Policy since 2011. Endorsed by CDL’s top management, the policy exceeds the mandatory requirements specified in the Code of Barrier-Free Accessibility by BCA to create an inclusive built environment in Singapore that caters to the varied needs of the public. The policy also contributes to SDG 11 (Sustainable Cities and Communities), which sets out to provide safe, accessible and green public spaces to every member of society.

Workplace Anti-Harassment and Anti-Bullying Policy

CDL is committed to maintaining a work environment that is safe from harassment for its employees. Every employee shall be treated with respect and dignity. No employee shall be subject to any physical, psychological, verbal or sexual abuse. Employees should be culturally sensitive, tolerant and respectful towards each other, taking into consideration the workplace environment and multi-culturalism. This policy extends to dealing with incidents involving external customers/ stakeholders who conduct themselves in a manner that constitutes harassment of the employees, within and beyond company premises.

Click here to read our Workplace Anti-Harassment and Anti-Bullying Policy.

ESG Commitments

CDL seeks to uphold fair and responsible practices and promote inclusivity along our value chain, by supporting the following best industry practices and ESG commitments.

Contributions & Other Spending

Lobbying and political donations in Singapore are subject to very strict governmental regulations and stringent scrutiny.

As a company headquartered in Singapore, CDL Group has not made monetary contributions to any political campaigns, lobbyists, interest representation groups, or made any other spending to create or influence public policy in the past five years.

CDL Group’s total monetary contributions to trade associations or tax-exempt groups, including membership fees (round to the nearest thousand) are:

The Group’s top 3 contributions to trade associations in terms of membership fees (round to the nearest thousand) are:

1. Millennium Hotel Broadway Times Square to Hotel Association of New York City – S$113,000.00
2. Urban Land Institute – S$67,000.00
3. Hotel Council Aotearoa – S$55,000.00